Goldman Sachs, Fairhaven back $12m Series B for online security company CounterTack


username password security onlineGoldman Sachs and Fairhaven Capital have backed a $12m Series B financing round for online security business CounterTack.

The funding, which also came from private investors, will go towards CounterTack’s go-to-market strategy for its real-time threat detection software.

Fairhaven Capital partner Mark Hatfield said, “We are seeing an explosive opportunity in the endpoint security market worldwide.

“CounterTack’s innovative approach to detecting and analyzing threats on desktop, laptop and server endpoints positions the company to become the next meaningful security technology to the global enterprise.

“As the threat landscape has evolved, so has CounterTack, keeping the company and its customers ahead of persistent attackers.”

Earlier this week Pinova Capital and BIP Investment Partners bought German software and hardware security business Utimaco Safeware AG.

Utimaco, which was previously owned by UK-based software company Sophos, will continue to develop as an independent business led by its CEO Malte Pollmann and CFO Frank Nellissen.

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